A clean Rectangle often precedes a big move. Validate your entry.
Sideways movement between parallel supports.
Gradual reversal from bearish to bullish.
Bullish continuation if preceding move was up.
Bullish continuation pattern.
Reversal pattern. Price likely to break downwards.
Traders are watching Paychex (PAYX) as price action tightens. With a last close of $94.46, volatility remains active (-0.49%). Algorithmically, a Bullish Flag structure has completed. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $97.12, targeting $112.49 with support near $87.43 (R:R 1.59).
What is your outlook on PAYX?